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Business, 16.10.2019 02:00 yeeyee69

Starting from steady state, a permanent increase in the rate of depreciation in the solow model causesa. the growth rate of output to fall temporarily but leaves the level of gdp unchanged in the long run. b. the growth rate of output to rise temporarily and the level of gdp to rise permanently. c. the growth rate of output to rise temporarily but leaves the level of gdp unchanged in the long run. d. the growth rate of output to fall temporarily and the level of gdp to fall permanently.

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Starting from steady state, a permanent increase in the rate of depreciation in the solow model caus...
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